Gold rebounded to about $4,058 per troy ounce on Thursday from a one-year low of $3,866 on October 30, helped by a weaker dollar and lower Treasury yields after the Republican midterm defeat. World Gold Council data showed Q3 gold demand fell 1% year on year to 1,369 tonnes, while central bank buying rose 42%.
Gold's moves are driven by rates and the dollar rather than feed grains, so this is background for the wider macro picture. Lower yields and a weaker dollar can support commodity prices broadly, though the effect on feed ingredients is indirect.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.